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Grange Road, Wigston, Leicestershire, LE18 - Image 1
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Grange Road, Wigston, Leicestershire, LE18

East Midlands

£300,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1457 sqft

Description

This generously sized four-bedroom semi-detached family residence presents a unique opportunity for renovation enthusiasts within a desirable residential neighborhood, conveniently situated near Knighton Park. The property is being sold with no upward chain and requires extensive refurbishment to reach its full potential. Its current condition allows buyers the chance to modernize and significantly increase its value, making it an appealing investment. The location offers easy access to various amenities, including supermarkets and smaller shops, as well as leisure and medical facilities. Commuters will benefit from excellent road connections directly into Leicester and to Junction 21 of the M1/M69. The layout features an entrance porch leading into a hallway with stairs to the first floor and practical understairs storage. From here, you can access two reception rooms and the kitchen area. The larger front reception room is ideal for use as a lounge, highlighted by a substantial bay window that brings in ample natural light. The rear reception room, more suited for dining, includes a feature fireplace and sliding patio doors leading out to the garden. The kitchen requires complete refurbishment but comes equipped with a composite sink and drainer, integral gas hob, and built-in electric oven. A modern boiler is also present along with access to the garage and a rear lobby that leads to a WC. Upstairs encompasses two original double bedrooms—one featuring a bay window—and an enlarged third bedroom that has transformed from a small box room into a spacious 'L'-shaped double bedroom with dual windows at the front. The fourth bedroom is versatile enough to function as an office or dressing room depending on your needs. The family bathroom is adequately sized but will also necessitate updating. Externally, off-road parking is provided by a driveway adjacent to the shingle front garden, which could potentially be expanded for additional parking space if desired. At the back lies an ample family garden featuring both paved patio and lawn areas. This outdoor space invites further extension possibilities without compromising its usability. While this property showcases noticeable signs of wear needing attention, its abundant potential makes it worthy of consideration for anyone looking to invest in a home that can truly reflect their tastes with the right rejuvenation efforts.

Investment Analysis

(LE18 area)

Below Market Value

This property is priced -27.8% below area average per sq ft

-27.8%
Potential saving
This Property
£206/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£457,010
10% above area average per sq ft
Potential ROI
+25.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE18)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.4%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on LE18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Grange Road, Wigston, Leicestershire, LE18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE